North American Industry Classification System (NAICS) 2007 - Labour Force Survey

8.2 - Service-Producing Industries

This special aggregation comprises establishments coded to 'Wholesale Trade' (NAICS 41), 'Retail Trade' (NAICS 44-45), 'Transportation and storage' (NAICS 48-49), 'Information and Cultural Industries' (NAICS 51), 'Finance and Insurance' (NAICS 52), 'Real Estate and Rental and Leasing' (NAICS 53), 'Professional, Scientific and Technical Services' (NAICS 54), 'Management of Companies and Enterprises' (NAICS 55), 'Administrative and Support, Waste Management and Remediation Services' (NAICS 56), 'Educational Services' (NAICS 61), 'Health Care and Social Assistance' (NAICS 62), 'Arts, Entertainment and Recreation' (NAICS 71), 'Accommodation and Food Services' (NAICS 72), 'Other Services (except Public Administration)' (NAICS 81) and to 'Public Administration (NAICS 91)

8.2.3 - Finance, Insurance, Real Estate, Rental and Leasing

This special aggregation comprises establishments coded to 'Finance and Insurance' (NAICS 52) and to 'Real Estate and Rental and Leasing' (NAICS 53)

52 - Finance and Insurance

This sector comprises establishments primarily engaged in financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions. Included are:

- establishments that are primarily engaged in financial intermediation. They raise funds by taking deposits and/or issuing securities, and, in the process, incur liabilities, which they use to acquire financial assets by making loans and/or purchasing securities. Putting themselves at risk, they channel funds from lenders to borrowers and transform or repackage the funds with respect to maturity, scale and risk.

- establishments that are primarily engaged in the pooling of risk by underwriting annuities and insurance. They collect fees (insurance premiums or annuity considerations), build up reserves, invest those reserves and make contractual payments. Fees are based on the expected incidence of the insured risk and the expected return on investment.

- establishments that are primarily engaged in providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs.

In addition, establishments charged with monetary control - the monetary authorities - are included in this sector.

524 - Insurance Carriers and Related Activities

This subsector comprises establishments primarily engaged in underwriting annuities and insurance policies, reinsurance, and the retailing of insurance and the provision of related services to policy holders. Industries are defined in terms of the type of risk being insured against, such as death, loss of employment due to age or disability, and property damage. Establishments that pool risk invest premiums to build up a portfolio of financial assets to be used against future claims. Contributions and premiums are set on the basis of actuarial calculations of probable payouts based on risk factors from experience tables and expected investment returns on reserves.

5242 - Agencies, Brokerages and Other Insurance Related Activities

This industry group comprises establishments primarily engaged in selling insurance or providing services related to insurance.

52421 - Insurance Agencies and Brokerages

This industry comprises establishments primarily engaged in selling insurance and pension products. The staff of these agencies and brokerages are not employed by the insurance carriers they represent.

• Exclusion(s):

  • insurance agencies with staff employed by the carriers they represent (See 5241 Insurance Carriers)

524210 - Insurance Agencies and Brokerages^US

This Canadian industry comprises establishments primarily engaged in selling insurance and pension products. The staff of these agencies and brokerages are not employed by the insurance carriers they represent.

• Example Activities:

  • General insurance agency
  • General insurance broker
  • Insurance agents and brokers